Longing ETH/USD - Potential Double bottom marked with red double arrows at approx 236ish > entry buy short term accumulation 242-244 range
With the action on the last week, this is being run with a very tight stop below said double bottom. 1st Target 255 at which point trailing stop will be moved up to Break Even, and will consider adding to said position conditions merit the added risk. Possible Take profit near 290ish should the broader market recover, but will be moving my trail to lock in profit as opportunity arises.
Trade active
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Still Active, accumulation continues as long as price holds above area of interest.
Trade active
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Trades are often messy, selling on BTC and ETH seems to have lost velocity for the time being, which could mean selling exhaustion. Still maintaining trailing stops below the bulk of those wicks. Hopefully there is some short money now trapped down there. Next day or so will be crucial to see if the broader market can bounce from here.